Advocacy News
NWCUA, Oregon DMV Release Clarified Process for Private Vehicle Sales
In another advocacy win, processes for odometer disclosure in Oregon are simplified and streamlined.
Anthem
Recent Filene Report Details How Culture Affects Performance
The report looks at how credit unions can foster a high-performance culture by strengthening their core values, accountability systems, boundaries, and employee selection.
Three Northwest Credit Unions Recognized at CUNA HR & Organizational Development Conference
Verity Credit Union, Rivermark Community Credit Union, and Advantis Credit Union received awards for employee engagement and management practices, respectively, at the 22nd Annual Conference in Orlando this week.
Consolidated Community CU’s New Branches, Technology Enhance Member and Employee Experience
Portland-based Consolidated Community Credit Union completed an aggressive plan to open or remodel three branches and roll out a suite of online and mobile technology—all in 18 months.
Compliance Center: Requirements of Oregon’s Sick Time Law
Oregon’s new sick time law took effect January 1. Your compliance report this week details what credit unions need to know.
Compliance Center: Requirements of Oregon’s Sick Time Law
Oregon’s new sick time law took effect January 1. Your compliance report this week details what credit unions need to know.
News & Notes: Here’s What’s Happening Around the Northwest
Point West “drives hope” to local nonprofit; Trailhead gets CDFI certified; Inspirus supports housing-insecure kids in Tukwila; Solarity announces winner of 2016-17 community partner vote.
Top 5 Reasons to Trust ‘The Trust’ With Your Employee Benefits
Learn why credit unions trust The Trust for the best in employee benefits. Plus valuable updates from CUNA Mutual Group, LSC, and CSCU!
Newrizons Federal Credit Union Navigated Rocky Times to Reach 50 Years and Thriving
After losing their sponsor company, Terry Fultz and the Newrizons team found a way to survive, grow and serve their changing community. As they celebrate 50 years, the credit union is as fresh and relevant as ever.
Study: Online Calculators Improve Probability of Saving Enough for Retirement
Do your employees know how much they’ll need to retire? An online calculator takes the guesswork out of retirement planning.
NCUA Releases Anti-Fraud Videos
The eight-video series shows credit unions how to deter, prevent and detect fraud.
Video Training Available to Prevent Employee Dishonesty and Fraud
The NCUA and CUNA Mutual Group are partnering to help credit unions prevent fraud and dishonesty. A seven-part online toolkit is being unveiled.
National Speakers Bring Operational Efficiencies, Employee Engagement and Inspiration to Northwest
Northwest credit union leaders heard some candid messages from management specialists Joseph Prunty and Michael Neill at the Small Credit Union Roundtable and NWCUA/CUES Leadership Symposium events last week. Attendee takeaways: balancing focus on profitability with focus on employee engagement.
Washington Division of Credit Unions to Continue Operations, Regardless of Budget Process
Even if the Washington State Legislature fails in its second session to pass a budget, the Department of Credit Unions will continue to operate without interruption, Anthem has learned.
The DFI Issued Guidance on State Credit Union Owned Life Insurance
The Washington DFI has issued a compliance update of interest to credit unions carrying life insurance products.
Washington DFI Issues Guidance on State Credit Union Investments in Employee Benefit Trusts
DCU Interpretive Letter I-13-02 concludes that state-chartered credit unions may make certain investments that are otherwise impermissible as long as they are for the express purpose of funding employee benefit obligations.
Washington DFI Issues Two Regulatory Interpretations, More Expected
The Washington DFI offered clarification on regulations related to use of the terms “audit committee” and “supervisory committee” and to credit unions’ investment options for funding employee benefit obligations. An additional interpretive response is anticipated soon as well.
Strategic Link Question of the Week
We recently concluded another employee benefits renewal. Each year this process seems to be more challenging—we pay substantially more to get less, administration requirements have quadrupled under Health Care Reform, and the entire process is under tight time constraints. How are other companies successfully maintaining a competitive benefits package and managing compliance as well?